Official: Ponzi scheme, reality TV star convicted of fraud | WGN Radio 720


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Atlanta (AP) — Former cast member of reality television show Love & Hip Hop: Atlanta has been sentenced to more than 17 years in federal prison on charges related to conspiracy and transfer fraud related to the Ponzi scheme and fraudulent paycheck protection programs. I applied for a loan.

Judge Mark H. Cohen of the US District Court has sentenced Maurice Fein, also known as Moe, Arkansas, to 17 and a half years of parole and five years of supervised release. Fayne, 38, in Dacula, Georgia, was also ordered to pay victims nearly $ 4.5 million in damages.

Fine pleaded guilty on May 11th. This included allegations of bank fraud and false statements to financial institutions, including Paycheck Protection Program (PPP) loan applications.

“Fein planned to use the PPP program as a cover for his long-standing Ponzi scheme,”…

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